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Pennybacker Capital Hires Two Senior Execs
Pennybacker Capital Management, a real estate-focused private equity firm managing $3.2 billion of investments, named two new senior executives within its credit group. The Austin-based firm hired Steven Parrinello as managing director and Sydney Mas as VP, both based in the New York City area.
Parrinello came to Pennybacker from Guggenheim Commercial Real Estate Finance, where he originated and closed more than $1.8 billion of senior, mezzanine and construction loans.
Mas joined Pennybacker from WeWork, where she focused on enterprise clients as part of the portfolio optimization and asset management team. She and Parrinello previously worked together at Guggenheim.
“Steven and Sydney bring extensive commercial real estate finance experience to the firm,” said Tim Berry, Pennybacker’s CEO. “Adding professionals of their caliber will further our credit team’s origination and structuring capabilities, help us reach more plan sponsors and capitalize on attractive high yield opportunities.”
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